Columbia Partners L L C Investment Management cut its stake in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 65.5% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,614 shares of the specialty retailer’s stock after selling 14,479 shares during the period. Columbia Partners L L C Investment Management’s holdings in O’Reilly Automotive were worth $1,665,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. BlackRock Inc. increased its position in shares of O’Reilly Automotive by 2,327.8% in the first quarter. BlackRock Inc. now owns 5,692,648 shares of the specialty retailer’s stock worth $1,536,105,000 after purchasing an additional 5,458,171 shares during the last quarter. JPMorgan Chase & Co. increased its position in shares of O’Reilly Automotive by 66.8% in the second quarter. JPMorgan Chase & Co. now owns 3,123,465 shares of the specialty retailer’s stock worth $683,226,000 after purchasing an additional 1,251,237 shares during the last quarter. Waddell & Reed Financial Inc. increased its position in shares of O’Reilly Automotive by 188.5% in the first quarter. Waddell & Reed Financial Inc. now owns 1,404,613 shares of the specialty retailer’s stock worth $379,021,000 after purchasing an additional 917,800 shares during the last quarter. Polen Capital Management LLC increased its position in shares of O’Reilly Automotive by 35.7% in the second quarter. Polen Capital Management LLC now owns 2,065,445 shares of the specialty retailer’s stock worth $451,795,000 after purchasing an additional 543,664 shares during the last quarter. Finally, Vontobel Asset Management Inc. bought a new position in shares of O’Reilly Automotive in the second quarter worth approximately $119,025,000. Hedge funds and other institutional investors own 96.64% of the company’s stock.

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In other news, Director Rosalie Oreilly Wooten sold 5,000 shares of the business’s stock in a transaction that occurred on Friday, August 25th. The stock was sold at an average price of $200.87, for a total transaction of $1,004,350.00. Following the transaction, the director now owns 72,562 shares of the company’s stock, valued at approximately $14,575,528.94. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP Randy Johnson sold 1,040 shares of the business’s stock in a transaction that occurred on Monday, July 3rd. The shares were sold at an average price of $218.74, for a total value of $227,489.60. Following the transaction, the senior vice president now directly owns 9,224 shares in the company, valued at approximately $2,017,657.76. The disclosure for this sale can be found here. In the last three months, insiders have sold 18,120 shares of company stock worth $3,687,235. Corporate insiders own 3.12% of the company’s stock.

O’Reilly Automotive, Inc. (NASDAQ:ORLY) traded up 1.02% during mid-day trading on Wednesday, hitting $204.97. The stock had a trading volume of 95,902 shares. O’Reilly Automotive, Inc. has a 12 month low of $169.43 and a 12 month high of $286.57. The stock has a market cap of $18.04 billion, a price-to-earnings ratio of 17.95 and a beta of 0.76. The stock’s 50-day moving average price is $201.21 and its 200-day moving average price is $229.32.

O’Reilly Automotive (NASDAQ:ORLY) last released its earnings results on Wednesday, July 26th. The specialty retailer reported $3.10 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.90 by $0.20. The firm had revenue of $2.29 billion for the quarter, compared to the consensus estimate of $2.29 billion. O’Reilly Automotive had a return on equity of 72.22% and a net margin of 12.23%. The company’s revenue for the quarter was up 5.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.65 EPS. On average, analysts predict that O’Reilly Automotive, Inc. will post $11.87 earnings per share for the current year.

O’Reilly Automotive declared that its board has authorized a stock buyback plan on Friday, September 1st that authorizes the company to buyback $1.00 billion in outstanding shares. This buyback authorization authorizes the specialty retailer to reacquire up to 5.8% of its shares through open market purchases. Shares buyback plans are often an indication that the company’s board believes its stock is undervalued.

Several research analysts recently weighed in on the stock. Wedbush cut shares of O’Reilly Automotive from an “outperform” rating to a “neutral” rating and decreased their price objective for the stock from $310.00 to $260.00 in a research report on Tuesday, May 30th. Jefferies Group LLC restated a “buy” rating and issued a $302.00 price objective on shares of O’Reilly Automotive in a research report on Wednesday, May 24th. Credit Suisse Group restated a “buy” rating and issued a $262.00 price objective on shares of O’Reilly Automotive in a research report on Wednesday, June 14th. Oppenheimer Holdings, Inc. restated a “buy” rating on shares of O’Reilly Automotive in a research report on Thursday, June 8th. Finally, Susquehanna Bancshares Inc restated a “neutral” rating and issued a $302.00 price objective on shares of O’Reilly Automotive in a research report on Tuesday, June 20th. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $245.30.

About O’Reilly Automotive

O’Reilly Automotive, Inc is a specialty retailer of automotive aftermarket parts, tools, supplies, equipment and accessories in the United States. The Company sells its products to both do-it-yourself (DIY) and professional service provider customers. The Company’s product line includes new and remanufactured automotive hard parts, such as alternators, starters, fuel pumps, water pumps, brake system components, batteries, belts, hoses, temperature control, chassis parts, driveline parts and engine parts; maintenance items, such as oil, antifreeze, fluids, filters, wiper blades, lighting, engine additives and appearance products, and accessories, such as floor mats, seat covers and truck accessories.

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Institutional Ownership by Quarter for O`Reilly Automotive (NASDAQ:ORLY)

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